SBCF Stock Overview
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida.
Seacoast Banking Corporation of Florida Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$37.15|
|52 Week High||US$40.93|
|52 Week Low||US$29.28|
|1 Month Change||8.28%|
|3 Month Change||0.95%|
|1 Year Change||10.66%|
|3 Year Change||31.55%|
|5 Year Change||69.40%|
|Change since IPO||92.31%|
Recent News & Updates
Here's Why We Think Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Is Well Worth Watching
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
|SBCF||US Banks||US Market|
Return vs Industry: SBCF underperformed the US Banks industry which returned 28% over the past year.
Return vs Market: SBCF exceeded the US Market which returned 6.6% over the past year.
|SBCF Average Weekly Movement||4.3%|
|Banks Industry Average Movement||3.9%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: SBCF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SBCF's weekly volatility (4%) has been stable over the past year.
About the Company
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services. It offers deposit products, including interest-bearing and noninterest demand deposits, money market and savings accounts, customer sweep accounts, and time certificates of deposit; construction and land development loans, commercial and residential real estate loans, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal or family purposes.
Seacoast Banking Corporation of Florida Fundamentals Summary
|SBCF fundamental statistics|
Is SBCF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SBCF income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 27, 2022
|Earnings per share (EPS)||2.03|
|Net Profit Margin||34.23%|
How did SBCF perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is Seacoast Banking Corporation of Florida undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBCF ($37.15) is trading below our estimate of fair value ($47.11)
Significantly Below Fair Value: SBCF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SBCF is poor value based on its PE Ratio (18.3x) compared to the US Banks industry average (11x).
PE vs Market: SBCF is poor value based on its PE Ratio (18.3x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: SBCF is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: SBCF is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).
How is Seacoast Banking Corporation of Florida forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBCF's forecast earnings growth (7.3% per year) is above the savings rate (2%).
Earnings vs Market: SBCF's earnings (7.3% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: SBCF's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBCF's revenue (8% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: SBCF's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBCF's Return on Equity is forecast to be low in 3 years time (9%).
How has Seacoast Banking Corporation of Florida performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBCF has high quality earnings.
Growing Profit Margin: SBCF's current net profit margins (34.2%) are higher than last year (27.2%).
Past Earnings Growth Analysis
Earnings Trend: SBCF's earnings have grown significantly by 24.9% per year over the past 5 years.
Accelerating Growth: SBCF's earnings growth over the past year (55.3%) exceeds its 5-year average (24.9% per year).
Earnings vs Industry: SBCF earnings growth over the past year (55.3%) exceeded the Banks industry 43.4%.
Return on Equity
High ROE: SBCF's Return on Equity (9.1%) is considered low.
How is Seacoast Banking Corporation of Florida's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SBCF's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: SBCF has a sufficient allowance for bad loans (269%).
Low Risk Liabilities: 97% of SBCF's liabilities are made up of primarily low risk sources of funding.
Loan Level: SBCF has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: SBCF's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: SBCF has an appropriate level of bad loans (0.6%).
What is Seacoast Banking Corporation of Florida current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBCF's dividend (1.4%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: SBCF's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SBCF's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SBCF's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.3%), SBCF's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBCF's dividends in 3 years are forecast to be well covered by earnings (25.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chuck Shaffer (47 yo)
Mr. Charles M. Shaffer, also known as Chuck, has been Chief Executive Officer and Director at Seacoast Banking Corporation of Florida and Seacoast National Bank since January 1, 2021 and has been its Presi...
CEO Compensation Analysis
Compensation vs Market: Chuck's total compensation ($USD1.43M) is below average for companies of similar size in the US market ($USD3.73M).
Compensation vs Earnings: Chuck's compensation has increased by more than 20% in the past year.
Experienced Management: SBCF's management team is considered experienced (3.8 years average tenure).
Experienced Board: SBCF's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBCF insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
Seacoast Banking Corporation of Florida's employee growth, exchange listings and data sources
- Name: Seacoast Banking Corporation of Florida
- Ticker: SBCF
- Exchange: NasdaqGS
- Founded: 1926
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$2.152b
- Shares outstanding: 57.92m
- Website: https://www.seacoastbanking.com
Number of Employees
- Seacoast Banking Corporation of Florida
- 815 Colorado Avenue
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:37|
|End of Day Share Price||2022/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.